Nifty printed a neutral candle on Daily
Support is at 15000 - 14950 Zone
Resistance is at 15250 - 15330 Zone
Case 1 : If it Gaps Up and makes a negative Price action at the resistance, then shorting looks good
Case 2 : If Opens flat then wait for Breakout or breakdown candle of today's high and low. Long after Breakout and short after breakdown.
Case 3 : If Gaps down, then wait for Price action, if it continues with negative candle, then short, else if recovers and closes above negative candle, then may find a long opportunity
My view is that it might consolidate and eat premium tomorrow.
Happy Trading !!!
Support is at 15000 - 14950 Zone
Resistance is at 15250 - 15330 Zone
Case 1 : If it Gaps Up and makes a negative Price action at the resistance, then shorting looks good
Case 2 : If Opens flat then wait for Breakout or breakdown candle of today's high and low. Long after Breakout and short after breakdown.
Case 3 : If Gaps down, then wait for Price action, if it continues with negative candle, then short, else if recovers and closes above negative candle, then may find a long opportunity
My view is that it might consolidate and eat premium tomorrow.
Happy Trading !!!
Trade closed: target reached:
Case 1 shown by the market.
Plan of action : Sold calls
Plan of action : Sold calls